• Mar 17, 2025

Quantum computing, AI stocks rise as Nvidia kicks off annual conference

Shares of quantum computing and artificial intelligence companies rose on Monday, as investors hoped that Nvidia would blow some life back into the beaten-down sectors with new announcements at its annual conference. The five-day GTC AI conference, which was already underway, will devote an entire day to quantum computing and feature executives from notable firms including D-Wave Quantum and Rigetti Computing. Several quantum computing stocks jumped, with D-Wave Quantum up 9.4%, while Quantum Corp and Quantum Computing gained 23.1%, and 15.5%, respectively.

  • Mar 17, 2025

SEC may scrap Biden-era crypto asset custody proposal, acting chief says

Mark Uyeda, acting chair of the U.S. Securities and Exchange Commission, also said the agency was developing possible changes to a recent rule that requires mutual and exchange-traded funds to report portfolio holdings on a monthly rather than a quarterly basis. His address to an investment industry conference in San Diego laid out plans for a sharp divergence from the way former President Joe Biden's administration oversaw Wall Street. Uyeda said the SEC "needs to prioritize effective and cost-efficient regulations that respect the limits of our statutory authority," according to a copy of his prepared remarks.

  • Mar 17, 2025

Strategy Buys More Bitcoin After Announcing Preferred Sales

(Bloomberg) -- Michael Saylor’s Strategy said it bought $10.7 million of Bitcoin, a week after unveiling plans to issue up to $21 billion of preferred stock to acquire more of the cryptocurrency. Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressSaving the Signature Sound of Washington, DCThe enterprise so

  • Mar 17, 2025

Apple’s Worst Week Since 2022 Spurs Wall Street to Defend Stock

(Bloomberg) -- The recent selloff in Apple Inc. shares is an opportunity for investors as the tech giant is still seen by some analysts as a safe haven in periods of market volatility.Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressSaving the Signature Sound of Washington, DCShares fell nearly 11% last w